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http://hdl.handle.net/10419/20209
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| Title: | | Structural estimates of the intergenerational education correlation  |
| Authors: | | Belzil, Christian Hansen, Jörgen |
| Issue Date: | | 2003 |
| Series/Report no.: | | IZA Discussion paper series 973 |
| Abstract: | | Using a structural dynamic programming model, we investigate the relative importance of family background variables and individual specific abilities in explaining cross-sectional differences in schooling attainments and wages. Given scholastic ability, household background variables (especially parents' education) account for 68% of the explained crosssectional variations in schooling attainments. When the effects of household background variables on ability are also taken into account, the percentage raises to 85%. However, individual differences in wages are mostly explained by abilities. Only 27% of the explained variation in wages is accounted for by parents? background variables as opposed to 73% by unobserved abilities (orthogonal to family background variables). When scholastic ability is correlated with family background variables, ability endowments explain as much as 81% of individual wages. |
| Subjects: | | intergenerational education correlation endogenous schooling household characteristics dynamic programming |
| JEL: | | J3 J2 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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